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20121201
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Search Results 0 to 4 of about 5 (some duplicates have been removed)
. >>> and now to the efforts to avoid the so-called fiscal cliff. president obama returns to washington later today and the senate is due in session, but just about everyone agrees with just five days left, the possibility for a grand bargain to avoid across-the-board tax increases and spending cuts is all but lost, and even prospects for watered down deals seems slim. tara mergener is in washington with more. tara, good morning. >> good morning, duarte. yes. hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everythi
nationwide. edward lawrence is in washington. edward, good morning. >> reporter: these were vicious, fast-moving storms that ripped across the south. in addition to the deaths, the work crews in the south are working to restore the power in at least five states because of the tornadoes and the blizzard conditions in the midwest. >> reporter: a christmas day tornado tore three mobile, alabama. >> there it is. >> joe michael love pulled out his cell phone to record the twister while miles away it destroyed a church and homes and his son's high school. >> the van is almost destroyed. the fieldhouse is gone. just all the portable buildings for classrooms are gone. >> reporter: here in houston, texas, the tornado destroyed some buildings and tore down power lines. francis lowe and her husband couldn't get away in time. >> we tried to leave at first but could't because the truck was off the ground, and it wouldn't go. finally, it touched the ground, and we took off. >> reporter: damage from a tornado in pearl river, mississippi, stretched a mile wide. eight people were taken to the hospital. te
, ,,,, >>> here's look at forecast in some cities around the country. washington, d.c., partly sunny, 42. atlanta, partly sunny, 54. st. louis, cloudy, 38, denver, mostly cloudy, 33, seattle, mostly cloudy, 44 degrees. >>> here's another look at this morning's top stories. general norman swargts schwarzkopf died at his home yesterday in tampa, florida. he drove iraqi forces out of kuwait. he died from complications related to pneumonia. he was 78 years old. >>> and president obama meets with congressional leaders this afternoon at the white house to try to cut a deal to avoid the so-called fiscal cliff. in just four days across-the-board spending cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that ha
, cbs news, miami. >>> to the fiscal storm now in washington that's gone from bad to worse. the fiscal cliff negotiations were dealt another setback when a political gamble by speaker john boehner blew up in his face. last night boehner was forced to scrap a plan to raise taxes on the wealthiest americans when members of his own party turned it down. after the vote was canceled, republican house members left the meeting where they were told to go home for the holiday. the white house says it will continue to bargain, but the dramatic turn of events leaves boehner's leadership in doubt and the budget negotiations up in the air. danielle nottingham with more now from washington. >> reporter: lawmakers were set to plan on house speaker boehner's plan b, but the motion was scrapped when the voting fell short. the speaker designed the bill to prevent automatic tax hikes on people making less than $1 million a year. boehner says it's up to senate democrats and the president to make the next move. >> i did my part. they've done nothing. >> reporter: if congress doesn't act before the end of t
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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